Westminster Christian Academy
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$15,982,917
Property, Plant, & Equipment (net)
81%
Cash & Equivalents
9%
Investments
6%
Receivables (Non-Related)
2%
Prepaid Expenses
2%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$4,748,340
Notes Payable / Debt (Non-Related)
86%
Deferred Revenue
6%
Payables & Accruals
5%
Other Liabilities
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,510,123
$1,455,367
-59%
Receivables (Non-Related)
$58,926
$283,440
+381%
Related-Party Receivables
$0
$0
-
Inventories
-
-
-
Prepaid Expenses
$226,985
$252,221
+11%
Investments
$824,190
$931,530
+13%
Property, Plant, & Equipment (net)
$11,415,380
$12,924,047
+13%
Other Assets
$82,454
$136,312
+65%
Total Assets
$16,118,058
$15,982,917
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$176,090
$238,027
+35%
Grants Payable
-
-
-
Deferred Revenue
$2,215,722
$293,553
-87%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,805,755
$4,078,985
-15%
Related-Party Payables
$0
$0
-
Other Liabilities
$93,281
$137,775
+48%
Total Liabilities
$7,290,848
$4,748,340
-35%
Net assets
2023
2024
Change
Restricted Net Assets
$224,507
$123,320
-45%
Unrestricted Net Assets
$8,602,703
$11,111,257
+29%
Net assets
2023
2024
Change
Net assets
+$8,827,210
+$11,234,577
+27%
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